Aureus Greenway Holdings Inc. (NASDAQ:AGH) (the "Company") today announced that Autonomous Power Corporation, doing business as "Powerus", its proposed merger target, closed a $50 million strategic investment from KCGI Innovative Growth ESG Private Equity Fund 1 and KCGI Innovative Growth ESG Private Equity Fund 1-1 (together, "KCGI"), the Korea Climate & Governance Investment Fund, a Seoul-based investment group. The capital is expected to be deployed to scale manufacturing capacity for Powerus's autonomous defense systems across facilities in the United States and South Korea and for general working capital purposes.

The Company believes the investment by KCGI supports Powerus's strategy to build a resilient, ally-sourced manufacturing base for its autonomous systems platforms that is expected to reduce dependence on foreign supply chains from non-allied nations and facilitating production capacity in countries with aligned with the United States's national security interests.